Demand-supply mismatch has been the nature of Indian power sector with seasonality playing a huge role. In current times, the situation is more precarious with demand registering a healthy, if not laudable growth, while supply options are shrinking. The current installed power generation capacity in the country is 300,000 Mw. There are 40,000 mega watts […]
Month: September 2018
Sikkim gets its first airport at Pakyong! PM Narendra Modi to inaugurate on September 23
Prime Minister Narendra Modi will visit Sikkim on September 23 to inaugurate the state’s first airport at Pakyong, a senior official has said. After inaugurating the airport, the prime minister will address a public meeting at St. Xaviers School ground at Pakyong and return to New Delhi the same day, Chief Secretary A K Shrivastava […]
Need to propel biofuel production to curb crude oil imports: Gadkari
Union Minister Nitin Gadkari Friday said tribals were being encouraged to accumulate non-edibile seeds for producing biofuel as the government looks to reduce dependence on crude oil imports. As India incurred a huge Rs 8 lakh crore bill on crude imports, tribals are being urged to accumulate non-edibile seeds like ‘ratanjot, saal and mohan’ for […]
DIAL slaps notice to entities on 176 obstacles around Delhi airport
Delhi airport operator DIAL has served notices to address issues related to 176 obstacles including buildings, trees and light poles, around the aerodrome that could pose threat to flights landing and taking off from there. Following a directive from the Delhi High Court, the notices have been issued to the “owners/ occupants” of the 176 […]
Airlines’ biofuel-powered flights might soon take off
For years, airlines have experimented with biofuels, aiming to reduce both carbon emissions and their reliance on fossil fuels. It’s been a turbulent journey buffeted by inconsistent investment and the periodic lure of cheap oil. But several major carriers are planning larger-scale usage of biofuel in 2019 and 2020, including JetBlue Airways Corp. and Cathay […]
Hartek Solar bags rooftop solar projects in Chandigarh
Hartek Solar said Thursday it has bagged orders for more than 100-kWp rooftop solar projects from about 25 households in the city. “Hartek Solar has secured most of the orders from owners of kanal houses, which have started opting for rooftop solar since the UT administration made solar systems mandatory for all buildings with an […]
Oil slips as economic concerns counter tighter supply
Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand. Benchmark Brent crude oil was down 70 cents a barrel at $79.04 by 0830 GMT. U.S. light crude fell $1.15 to a low of $69.22 a barrel. The International […]
Petronet CEO gets 12.5 pc higher commission in FY18
Petronet LNG, India’s biggest liquefied natural gas importer, has paid a 12.5 per cent higher commission-on-profit to its chief executive Prabhat Singh and company directors in the fiscal year ended March 31, 2018. According to the company’s Annual Report for 2017-18, Singh was paid a commission of Rs 22.50 lakh over and above his remuneration. […]
CBI arrests Northern Coalfields manager in bribery case
The Central Bureau of Investigation (CBI) on Wednesday arrested Senior Manager (Civil) of Northern Coalfields Ltd, Singrauli for demanding and accepting a bribe of Rs10,000 from a complainant. During the probe, the CBI recovered cash and investments of about Rs. 1.92 cr. The arrested accused was later produced before the court and has been sent […]
Gandhi family gave sweet deal to Mallya’s Kingfisher to keep it afloat: BJP
In an all-out attack against the Congress, the BJP on Thursday alleged that the previous UPA government had given a “sweet deal” to the beleaguered Kingfisher Airlines to keep it afloat and suggested that the airline was perhaps owned by the Gandhi family. Attacking Rahul Gandhi at a press meet, Bharatiya Janata Party (BJP) national […]
Singapore’s ST Engineering to buy aircraft part maker from GE for $630 million
Singapore Technologies Engineering Ltd on Thursday said it had agreed to purchase aircraft part manufacturer MRA Systems from General Electric Co for $630 million. The Singapore-based company, which conducts maintenance and repair operations for airlines, said the deal would allow it to move upstream into the manufacturing and spare parts business for engine nacelles, the […]
IOC books Iranian oil imports for October; uncertain about future
Amid uncertainty over impending US sanctions against Tehran, Indian Oil Corp (IOC) has booked for import of usual monthly quantity of 0.75-0.8 million tonnes of crude oil from Iran in October but is unsure if the trade would continue thereafter, a senior official said. While India wants to continue importing Iranian oil, albeit a reduced […]